Trickle Up economics has transferred $50 trillion dollars to…

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Trickle Up economics has transferred $50 trillion dollars to the upper echelons of American society, and it’s just crashed the UK economy.
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  1. From the article:

    >”A [study by the Rand corporation](https://www.rand.org/pubs/working_papers/WRA516-1.html) that we were involved with shows decades of trickle-down policies in the US redistributed about $50tn in wage growth from the bottom 90% of earners to the top 1%.”

    But the article is ostensibly about Truss’ recent tax cuts.

  2. Trump openly mocked Powell when he suggested small rate hikes to cool the market.

    The rich have gotten drunk and rich off cheap money.

    Meanwhile the poor are getting squeezed as rents rise.

  3. When the conservatives inevitably lost, it’ll take Labour so much longer to fix. Labour will bear that pain and the unpopularity of undoing this damage. It’s a calculated strategy, it’ll help the rich. When the poor figure it out, the Conservatives and far-right will scream, “immigrants are taking your jobs!”

  4. Yes, but don’t “understand” and excuse Truss. She is not a “true believer in trickle down economy” – not even she believes that – but a veritable believer of neo-feudalism!

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